Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023 (Cth)

Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023

Reporting Standard GRS 440.0 Claims Development Table

Financial Sector (Collection of Data) Act 2001

I, Michael Murphy, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901: (a) revoke Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2014, including Reporting Standard GRS 440.0 Claims Development Table made under that Determination; and

(b) determine Reporting Standard GRS 440.0 Claims Development Table, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of that reporting standard. Under section 15 of the Act, I declare that Reporting Standard GRS 440.0 Claims Development Table shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day Reporting Standard GRS 440.0 Claims Development Table is registered on the Federal Register of Legislation.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 2 June 2023

Michael Murphy General Manager - Chief Data Officer (Acting) Technology and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established under section 15A of the Legislation Act 2003.

financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard GRS 440.0 Claims Development Table comprises the document commencing on the following page.

Reporting Standard GRS 440.0

Claims Development Table

Objective of this Reporting Standard